Petroleum Africa
Find us on: 
Thursday, March 10, 2022
Invictus Energy has provided an update on the activities at its 80 percent owned and operated Cabora Bassa project in Zimbabwe. Invictus reports that it has executed a binding drilling rig contract with Exalo Drilling to drill the Muzarabani-1 exploration well and an option for an additional exploration well for the basin opening drilling campaign, scheduled to commence in June 2022.
The contract comes after Invictus entered an MOU with the company last December and involves the Exalo #202 rig, which has a drilling range of 5000m. The #202 Rig is currently engaged in operations in Tanzania and is expected to commence mobilization to the Cabora Bassa project in May.
Last week the Company finalized processing of its 2021 Cabora Bassa 2D Seismic Survey (‘CB21 Survey’), with interpretation of the data now underway. Early interpretation has revealed multiple trapping geometries and a target rich hydrocarbon environment.
The Company has identified a number of potential well locations for the Muzarabani-1 well and is maturing additional prospects identified from the CB21 Survey for a second well to be drilled in the upcoming campaign.
" alt="Saipem Awarded $850 Million Agogo Contract Offshore Angola">
" alt="TAG Oil Encouraged by BED4-T100 Production Test Results">
" alt="Seplat Commissions Nigeria’s ANOH Gas Processing Plant">
" alt="Chariot Announces Gaufrette Drilling Results">
" alt="CGG Changes Name to Viridien">
" alt="Achieving Mining Resilience with Long-Term Energy Solutions">
" alt="Kinetiko Becomes First Company in South Africa to Produce Power from Onshore Gas">
" alt="Sonatrach Enters MoU to Explore Renewable Energy Production in Algeria">
